The forex risk calculator tool quickly calculates where to put your stops based on the amount you are willing to risk on any given trade. Simply enter the amount of your capital you are willing to risk, the currency rate at which you have entered the market and finally the contract size you are trading with. Please note: The $/pip value is $10/pip fixed per 100,000 contract size.
Stop orders allow traders to set a worst-case exit point
for a trade. If you are short a currency pair, Stop Loss orders should be
placed above the current market price. If you
are long the currency pair, Stop Loss orders should be placed below the current
market price. Stop loss orders are used to control your risk, please don't ignore them!
Risk management represents the amount of money you are going to put at risk when entering the market and is extremely important if you want to succeed forex trading.
SPONSORED FOREX LINKS
DolphinTrader Forex System
Forex Day Trading With PinPoint Accuracy. In-House Proprietary Trading Software. No Hype, No Tricks, Just Trading.
Forex Scanner PRO Software
The Most Accurate Forex Trading System Ever Produced For Professional And Novice Currency Traders Worldwide. Try Now For 90 Days!
Any articles, systems, strategies, reviews, ratings, news, research, analyses, prices or other information contained on this website, by Aboutcurrency.com, its partners or contributors, is provided as general market commentary and does not constitute investment advice. Aboutcurrency.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure: Trading forex on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.